Stock Traders Purchase High Volume of Put Options on iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

iShares MSCI USA Momentum Factor ETF (BATS:MTUM) saw some unusual options trading activity on Friday. Stock investors acquired 4,111 put options on the company. This is an increase of 162% compared to the typical volume of 1,568 put options.

Institutional Trading of iShares MSCI USA Momentum Factor ETF

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after buying an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $220,286,000. Focus Partners Wealth raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after acquiring an additional 896,644 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 59.7% during the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after acquiring an additional 193,332 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 35.7% in the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock valued at $177,976,000 after acquiring an additional 187,155 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $255.62 on Friday. The stock has a market capitalization of $18.66 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The firm’s 50 day moving average is $251.42 and its 200-day moving average is $249.30.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.